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Posted inDiplomacy

India, UAE agree to boost non-USD trade, link payment systems + Italy lifts aviation ban on Libya. PLUS: News from India + GCC, Saudi Arabia + Turkey, Qatar, Oman and Syria, Iran and Zimbabwe, Iran and China, and Egypt and the Czech Republic

India + UAE agree to boost non-USD trade + link payment systems: The central bank of the UAE (CBUAE) signed two MoUs with the Reserve Bank of India (RBI) to create a platform for strengthening bilateral trade and promoting the use of their national currencies in international transactions, Emirati news agency WAMreports. The signing ceremony […]

Posted inMoves

Harald Nijhof to head Aqaba Container Terminal

Harald Nijhof (Linkedin) was appointed as the CEO of Aqaba Container Terminal (ACT),replacing Soren Jensen (Linkedin), who led the terminal over the past two years, according to a statement. Nijhof will bring to bear over 30 years of expertise in maritime shipping to his new position as ACT’s head. His career saw stints with Nedlloyd, […]

Posted inLogistics in the News

Shipyards booked out for the next few years + retailers are embracing BOPIS as shoppers lean towards store pick-ups

No newbuild ship deliveries until next year? Prompt newbuild delivery slots are becoming harder to come by as shipyards experience their longest backlogs since 2010, according to BRS broker data cited by Splash. Ship owners have “next to no chance,” barring resales, of getting a newbuild ship delivered next year. Global shipyards are also booked […]

Posted inAlso on Our Radar

Medlog close to finalizing contracts for Egypt’s 10th of Ramadan dry port + Turkmenistan gets greenlight to join INSTC. PLUS: News from Jazeera Airways, Kuwait Airport, Oman’s Opal Bio Pharma, Tunisia, Pegasus Airlines and Menzies Aviation

ZONES- MSC’s Medlog to finalize contracts for Egypt’s 10th of Ramadan dry port in mid-August: Egypt’s land and dry ports authority and transport and MSC cargo subsidiary Medlog could ink an agreement for the design, construction, operation, maintenance, and financing of the Tenth of Ramadan dry port and logistics center in Egypt’s 10th of Ramadan […]

Posted inAround the World

Will India ban rice exports? + UK joins USD 15.7 tn Indo-Pacific trade pact. PLUS: News from PSA + HaiSea Marine

India set to ban rice exports to curb inflation: India’s government is planning to ban exports of all non-Basmati rice, Bloomberg reports, citing sources with knowledge of the matter. If implemented, the ban would impact some 80% of India’s rice exports, Bloomberg writes. The move aims to prevent inflation amid a rise in domestic prices, […]

Posted inCalendar

JULY 16-17 July (Sunday-Monday): The Levitate Conference and Exhibition, St. Regis Amman Hotel. 17-28 (Monday-Friday): The fourth round of negotiations between the GCC and the UK for a trade agreement will take place in London. 24-25 July (Monday-Tuesday): ICSG Istanbul, Istanbul Lutfi Kirdar Convention & Exhibition Centre, Istanbul. AUGUST Oman will award Ras Al Hadd […]

Posted inWhat we're tracking today

TODAY: Could we soon see an end to the Canada port strike? + Iraq to swap crude oil for Iranian gas

Good morning, friends. It’s a mixed bag in the news this morning, with some updates on the rail, shipping and diplo fronts. THE BIG LOGISTICS STORY- Iran has restarted a part of its railway linking to Afghanistan, following months of repairs. Meanwhile, Egyptian shipping giant Transmar has launched a new shipping line connecting Egypt with […]

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